Grendene (GRND3) approved, at a Board of Directors meeting held on November 5, 2026, a new buyback program of up to 5,000,000 common shares, equivalent to 2.17% of the shares outstanding. The shares will be held in treasury for later sale or cancellation, with the aim of meeting the exercise of future call or share subscription options (Stock Options) granted to the company's executives. The buyback will be carried out without reducing the share capital.
The program runs for 364 days, from November 6, 2026 to November 4, 2027. Purchases will be made at market price, exclusively on the stock exchange, through Ágora Corretora de Títulos e Valores Mobiliários S.A. The company will not use derivative instruments in the transaction.
Grendene's share capital totals 902,160,000 common shares. On September 30, 2026, 230,873,273 shares were outstanding and 671,286,727 were held by controlling shareholders and management. There are no shares in treasury.
The company reported having R$ 14,412,506.01 available in profit reserves for the acquisition of shares. The Board of Directors believes the buyback will not impair the fulfillment of obligations to creditors or the payment of mandatory, fixed or minimum dividends. Grendene does not expect material economic effects or impacts on its administrative structure or shareholder control.
